RUSSIA: Deputy Chairman of the Central Bank of the Russian Federation Vladimir CHISTYUKHIN told insurers what to prepare for

20 October 2021 — Daniela GHETU
On the eve of the Forum of Insurance Market Leaders, Deputy Chairman of the Bank of Russia Vladimir CHISTYUKHIN spoke about the situation with insurers' compliance with new requirements for financial stability, miss-selling and the regulator's plans.

In an interview with Pavel SAMIEV for the Insurance News Agency (ASN), Vladimir CHISTYUKHIN revealed important topics for the insurance market:

  • How is the phased implementation of the provisions of 710-P on financial stability going?
  • Motor insurance. What is happening there?
  • Has there been less fraud?
  • Will GWP continue to grow?
  • Fight against miss-selling
  • Why is investment life insurance growing again?
  • Will there be additional requirements for other types of insurance?
  • Is there a difference in the attitude of consumers to insurance in Russia and abroad?
Watch the full video interview with Vladimir CHISTYUKHIN on the Forum website.

The Forum of Insurance Market Leaders will be held on October 28, 2021, in Moscow. It will bring together representatives of the main insurance regulators, more than 200 owners and managers of insurance companies, which account for 90% of total GWP in the country, as well as heads of banks, leading medical institutions and IT companies working with insurance organizations.

Key speeches of the forum are devoted to changes in the requirements for financial stability of insurers, control over the work of intermediaries and the quality of financial services, regulation of the consumer value of insurance products and the "Payout Indicator" from the Bank of Russia, judicial practice, development and regulation of ecosystems, as well as forecasts and strategies of the largest players in the insurance market taking into account pandemic realities.

You can register for participation and find the program of the forum on the website.

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